Utah Independent Bank (UIB) is committed to financial literacy for our communities. As part of our commitment to financial literacy, the Bank offers a one-time incentive of up to Twenty-Five Dollars ($25.00) to eligible youth savings account holders between the ages of seven (7) and twelve (12), upon completion of the Bank’s proprietary Financial Education Booklet (“UR Investment Buddy” – Making Cents of Dollars”).
The Booklet consists of five (5) educational modules, totaling fourteen (14) pages, designed to teach foundational concepts in personal finance. For each completed module, as determined solely by the Bank, the participating minor will receive a Five Dollar ($5.00) deposit to their savings account, up to a maximum of Twenty-Five Dollars ($25.00) for full completion. This will be credited to the account holders account within thirty (30) days of completion.
Eligibility Requirements:
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The account holder must be between the ages of 7 and 12 at the time of participation.
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The account must be an active savings account in good standing, held in the parent or legal guardian’s name as a joint owner or custodian with the minor, as applicable.
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The completed Booklet must be submitted to and verified by the Bank in accordance with the instructions provided.
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Booklet must be picked up and returned in-person at a UIB Branch Location. No booklet will be mailed and copied and/or altered booklets will not be considered valid for the incentive program.
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Regular savings account requirements apply. Please see the full savings account agreement for additional details. Savings Account Disclosure
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Reasonable accommodation will be made for those with physical limitations, disabilities and/or other challenges. These will be considered on a case-by-case basis.
All incentive deposits are considered promotional and will be reported in accordance with applicable tax laws. This offer is limited to one (1) incentive per eligible minor and is non-transferable. The Bank reserves the right to verify completion, refuse or reverse incentive payments in the event of fraud, misrepresentation, or ineligibility.
All standard account terms, conditions, and procedures apply. The Bank reserves the right to modify or terminate this program at any time without prior notice.
